In a recently released quarterly report, tech behemoths Alphabet and Microsoft showed considerable profit upticks propelled by AI-powered cloud computing. Microsoft’s shares experienced a noticeable bump, rising by 3%, underscoring its dominating prowess in the cloud domain. Conversely, Alphabet, Google’s
On Thursday, Alphabet announced its first-ever dividend and $70 billion stock buyback, which ecstatic investors and shot the stock up almost 16% after the bell. Alphabet’s financial performance for the three months ended March 31 was impressive. Sales reached $67.6
Google and Intel on Tuesday launched their own AI chips to challenge Nvidia as the race to manufacture advanced semiconductors to power generative AI models like ChatGPT or Gemini intensifies. Google released its Cloud TPU v5p and Intel unveiled its
The competition between Google and Microsoft is highlighted by Microsoft telling EU antitrust inspectors that Google has a competitive edge in generative artificial intelligence because of its wealth of data and AI-optimized hardware. Google unit Microsoft has informed EU antitrust
According to Jim Albrecht, a former Google news executive, artificial intelligence models like ChatGPT will transform journalism by enabling readers to engage with stories and have real-time discussions about them. These models could lead to a change in focus away
Google rolled out a series of AI updates, including a new text-to-image tool called ImageFX, as well as the ability to generate images in the AI chatbot Bard for free. Users can ask Bard to generate photos using Imagen 2,
Google offered a chosen group of researchers at its AI division DeepMind stock worth millions of dollars per person in a bid to retain its brightest minds amid interest from rival OpenAI. The offer comes even as Google lays off
Google is reportedly letting go of hundreds of employees as the company implements cost containment measures as well as focuses on AI development. A workers’ representative at parent company Alphabet revealed 1,000 have been let go so far. Part of
In a remarkable surge, Google’s stock prices soared by 5% following the announcement of its latest artificial intelligence breakthrough, Gemini. This new AI model, poised to rival the offerings from tech moguls such as OpenAI, Microsoft, and Meta, marks an
According to a recent announcement, Amazon has unveiled its latest innovation, Amazon Q, an AI chatbot specifically designed for business use. This launch positions Amazon in direct competition with tech giants Google, Meta, and Microsoft, who have already made significant
OpenAI raised the stakes in the AI race with massive salaries for top talent. The ChatGPT creator is targeting senior AI researchers at major rival Google, offering annual pay packages worth a reported $5 million to $10 million, mostly in
As debates on responsible development and use of AI continue to take center stage at global conferences, Google is collaborating with US start-up Anthropic on a number of initiatives, including AI guardrails. The collaboration focuses on AI safety standards, utilizing
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